Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The following data for the month of September were taken form the cost records of Department 1 of Pro-Life products which uses process costing system:
Opening inventory of work in process: Units: 500 (with all materials added and 50% of labor and overhead)
Cost: Materials 2,400
Labor 1,500
Factory overhead 760
Put into production:
Units: 5,000
Costs: Materials 25,100
Labor 19,380
Factory overhead 14,900
Completed and transferred: 4,800 units
Ending inventory of work in process:
Units: 700 (with all materials, and 60% of labor and overhead)
Required -
1. What is the cost per equivalent unit (rounded to nearest centavo) under FIFO method?
2. What is the cost per equivalent unit (rounded to nearest centavo) under WEIGHTED AVERAGE method?
How would your answer to part 2 be modified if you were asked for a schedule of cost of goods manufactured and sold instead of a schedule of cost of goods manufactured? Be specific.
moe larry and curly are forming the stooges partnership. moe is transferring 30000 of personal cash and equipment worth
erik rekdahl senior-in-charge is auditing koonce katfood inc.s long-term debt for year ended 31st december. long-term
Make the appropriate journal entries for spoilage for the three independent cases given below. Also calculate the average cost of one good unit of chair
40 percent of sales and that its net income amounted to 10 percent of sales. If fixed costs for the year were P60,000, what is the amount of sales?
Prepare incremental analysis for the 5 years showing whether Hancock should keep the existing machine or buy the new machine.
This month, Pima made 430 calculators, using 1,075 machine hours in 43 batches. What is the gross profit for one calculator
What would you advise Mr. Frank to do? Compare the advantages and disadvantages of the system each company uses.
The company had no beginning inventories. Determine the balance of the Raw and in Process Inventory for the month of September
one-half of the $500,000 he had paid to partnership creditors and one-half of $80,000, the reasonable value of Caesar's services during operation of the partnership. Who will prevail and why?
Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the inception of the lease through January 1, 2012. Edison's fiscal year ends December 31.
Prepare the income statement, the statement of owner's equity, and the classified balance sheet in account form for the month ended November 30, 2012.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd